Mutual wills, also known as reciprocal wills, are wills made by two or more parties with the shared intention that the terms of the will remain unchanged. Typically, this happens when couples make their wills together, with mutual wills being an ideal way for individuals to ensure their estate is divided according to their wishes even after their death. Mutual wills provide extra assurances that the deceased’s will remain in effect after their death.
The Benefits of Mutual Wills
By creating mutual wills, couples are able to ensure their wishes are followed. This kind of legal document ensures that upon one of the parties’ deaths, the estate will be distributed as per the mutual wills. In addition, mutual wills will also protect the surviving partner from any future legal challenges that could arise, as they demonstrate that both parties agree to the terms. This means that even if one of the parties changes their mind during the time between making the will and their death, the other party’s wishes will still be preserved.
Creating Mutual Wills
Though couples can write their wills together without creating mutual wills, it is best in cases like this to get legal advice to ensure that all of the bases are covered in the document. Working with an experienced lawyer to create mutual wills can help ensure that the document is legally sound and that the wishes of the parties are included as much as possible. Most importantly, they can help to protect against any potential future conflicts or complications.
Challenging Mutual Wills
It is possible for challenges to be made to mutual wills, however the burden of proof increases significantly when both people have agreed upon the will’s terms. Should someone bring a claim, there would need to be strong evidence that one of the parties was taken advantage of or was under undue influence when signing the will. While making mutual wills is not foolproof, doing so does reduce the potential for future challenges.
Conclusion
Creating mutual wills is a great way for couples to ensure their wishes will be honored upon their death. It allows them to create a rock-solid foundation for the distribution of their property while reducing the chance of having their wills challenged. Working with an experienced lawyer is the best way for couples to create mutual wills that protect their wishes and maintain the stability of their estate.